Bitcoin Bounces Back Above $82.8k Weekly High

Bitcoin's recent price action has been characterized by a strong recovery from its earlier lows, with the cryptocurrency now trading in the $86k area.

The move higher was accompanied by significant volume expansion, indicating substantial market participation during the breakout.

Price has pushed above an important weekly high around $82.8k and is attempting to establish acceptance above this level.

However, there are signs that momentum may be slowing as volume decreases while price continues to move higher.